USA Technologies, Inc. (NASDAQ: USAT), (“USAT”), a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, today announced that it will be demonstrating two new cashless payment devices at the NAMA OneShow to be held in Las Vegas, April 24-26. USAT’s latest devices for cashless payment and telemetry—the ePort® G9 and ePort® G10—are designed to bring greater functionality and value to business operators as they optimize their cashless payment platforms to develop new sales opportunities and greater operational efficiencies.
The ePort G9 represents a redesigned, feature-rich offering for USAT’s popular JumpStart program. It will include all of the functionality of USAT’s NFC-enabled ePort G8, plus new features designed to bring more value to businesses through expanded acceptance options, consumer engagement offerings, and advanced diagnostics.
New features include:
- Upgraded to ARM 9 processor
- Wireless EMV for Interact debit in Canada
- Added Serial and Pulse Interfaces
- Enhanced MDB diagnostics
- “High Drive”™ DEX with diagnostics
“We had two goals in mind with the ePort G9—improved functionality and a reduced cost to drive greater overall value for USAT and for its customers,” said Cary M. Sagady, USAT’s Senior Vice President of Product Management and Network Services. “Customers are predominantly acquiring our NFC-enabled ePort G8 in our JumpStart program, so our goal was to enrich that product based on the needs of our customers via a substantially more cost effective design. I am very pleased that we will be able to achieve both.”
The ePort G10 will include all of the added features of the new ePort G9—plus more. This premium offering will include a larger screen for messaging and consumer interaction as well as expanded contact and contactless EMV features.
In addition to the larger screen and new functionality that will be incorporated into the new ePort G9, the G10 will also include:
- EMV contactless L1
- Contactless payment L2 (PayPass, M-Chip, PayWave, qVSDC, Amex, Discover, DPAS, Interac Flash)
- Mifare, ISO14443
- NFC, ISO18092
- EMV Contact L1 and L2
- Linux OS
To learn more about the ePort G9 and G10, visit USAT’s booth #1229 at the NAMA OneShow at the Venetian Sands Resort in Las Vegas from April 24-26.
About USA Technologies:
USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect® is the company’s flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of small ticket, self-service retailing industries. USA Technologies also provides a broad line of cashless acceptance technologies including its NFC-ready ePort® G8, ePort Mobile™ for customers on the go, and QuickConnect™, an API Web service for developers. USA Technologies has been granted 85 patents; and has agreements with Verizon, Visa, Elavon and major customers such as Compass, Crane, AMI Entertainment and others. Visit the website at www.usatech.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation, USAT's anticipated commercial availability and costing of its new generation products, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to USAT or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, whether USAT can timely manufacture and introduce to the marketplace its new generation devices; the ability of USAT to obtain widespread commercial acceptance of its new generation products; and the incurrence by us of any unanticipated or unusual non-operational expenses, such as in connection with a proxy contest, which would require us to divert our cash resources from achieving our business plan including the development of our new generation devices or, in the alternative, increase our cash resources through, among other things, the sale of our securities. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.